The market is reacting to the rise in oil prices and the conflicting economic news.
More Quotes from John Davidson:
He also likes financial issues on account of PE ratios. That sector now is selling at a considerable discount in terms of PE to growth rate, ... So companies, in that sector, include Bank of New York, which reported and disappointed people, and brought the price down a little bit better.John Davidson
If you're out of the market you need to be in the market if you're saving for your long-term retirement or for other elements, ... People have been waiting on the sidelines, not committing as much new money. I don't think you should be investing next week's rent check, but your long-term investment is going to really grow in the market, and technology will lead that.
John Davidson
The Federal Reserve's objective is two fold -- price stability and employment growth. All too often we think it's the Fed chairman's job to manage the stock market, when it's not.
John Davidson
It's been steady as you go for a long time with the Red Wings. They've got some great players that are very consistent.
John Davidson
Even just a month ago, prior to the release of the March payrolls number, there were some investors betting that rates wouldn't rise until early next year. Now, after two months of higher payrolls, it seems likely rates are set to rise, and so there's a certain throwing in of the towel for some investors.
John Davidson
The crucial question is What does the consumer do now The answer will take some time to determine.
John Davidson
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There is a wisdom in this beyond the rules of physic: a man's own observation what he finds good of and what he finds hurt of is the best physic to preserve health.
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There is no way to have a strong arm if you don't throw enough.
Juan Marichal